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Cash flow statement supplementary information
 12 Months Ended
Dec. 31, 2017
Disclosure of cash flow statement supplementary information (obsolete) [Abstract]  
Disclosure of cash flow statement supplementary information [Text block]

Note 23Cash flow statement supplementary information

Net cash used for derivatives and current financial assets

In 2017, a total of EUR 295 million cash was paid with respect to foreign exchange derivative contracts related to activities for liquidity management and funding (2016: EUR 128 million outflow; 2015: EUR 194 million outflow). Philips also received EUR 90 million regarding the loans to TPV Technology Limited in 2017 (2016: nil, 2015: EUR 121 million inflow).

Purchase and proceeds from non-current financial assets

In 2017, the net cash outflow of EUR 36 million was mainly due to capital contribution in Gilde and Abraaj Growth Market Fund and the acquisition of other stakes.

In 2016, the net cash outflow of EUR 39 million was mainly due to the acquisition of stakes in Abraaj Growth Markets Fund.

In 2015, the net cash inflow of EUR 19 million was mainly due to net cash received from loans and sale of other stakes.

Reconciliation of liabilities arising from financing activities
Philips Group
Reconciliation of liabilities arising from financing activities
in millions of EUR
2016 - 2017

Balance as of Dec. 31, 2016

Cash flow 1 )

Transfer to liabilities directly associated with assets held for sale

Currency effects and consolidation changes

Other non-cash

Balance as of Dec. 31, 2017

Long-term debt 2 )

5,396

( 217)

( 1,255)

( 327)

998

4,595

USD bonds

3,608

( 1,184)

( 287)

1

2,137

EUR bonds

997

-

997

Bank borrowings

1,470

( 22)

( 1,238)

( 21)

-

190

Other long-term debt

39

( 20)

-

1

( 1)

20

Finance leases

279

12

( 18)

( 20)

29

281

Forward contracts 3 )

970

970

Short-term debt 2 )

210

( 4)

( 86)

( 49)

49

120

Short-term bank borrowings

207

( 3)

( 84)

( 49)

71

Other short-term loans

2

( 1)

( 2)

-

Forward contracts 3 )

49

49

Equity

( 181)

168

( 1,487)

( 1,500)

Sale of Lighting shares net of costs

1,060

( 1,060)

Dividend payable

( 478)

478

Forward contracts 3 )

( 1,018)

( 1,018)

Treasury shares

( 181)

( 414)

114

( 481)
1) Cash flow includes cash movements related to Lighting from January to April 2017, and therefore does not equal cash flow from financing activities in the consolidated statements of cash flows.
2)Long-term debt includes the short-term portion of long-term debt, and short-term debt excludes the short-term portion of long-term debt.
3)The forward contracts are mainly related to the share buyback program.